This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $122k initial cash invested.
-14.89%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$2,899
Rent
-$1,511
Cashflow
Cash Flow
$2,899 income − $4,410 expenses = $1,511 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,899
Total Expenses
$4,410
Mortgage P&I
109%
$3,169
Property Taxes
10%
$284
Home Insurance
7%
$203
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0